405 W. Michigan Ave., Suite 130
Kalamazoo, MI 49007
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Most people have a misconception of estate planning. Many people do not think they have the assets to require it; others think they are too young to worry about it. Estate planning is not contingent on wealth or age. Estate planning is all about those loved ones that we leave behind. Comprehensive estate planning is more than just simply drafting a will. Estate planning also minimizes potential taxes and fees and sets up contingency plans to make sure your wishes regarding health care treatment are followed. On the financial side, a good estate plan coordinates what will happen with your home, your investments, your business, your life insurance, your employee benefits (such as a 401K plan), and other property in the event you became disabled or in the event of your death.
What are some typical estate planning documents?
Several of the following documents are typically used as part of the estate planning process:
A Will, sometimes called a Last Will and Testament, to transfer property you hold in your name to the person(s) and/or organization(s) you want to have it. A Will also typically names someone you select to be your Personal Representative (or Executor) to carry out your instructions and names a Guardian if you have minor children. A Will only becomes effective upon your death.
A Durable Power of Attorney for Health Care appoints a person you designate to make decisions regarding your health care treatment in the event that you are unable to provide informed consent. It is an advance directive that gives doctors and hospitals your instructions regarding the nature and extent of the care you want should you suffer permanent incapacity, such as an irreversible coma.
A Durable Power of Attorney for Property appoints a person you designate to act for you and handle financial matters should you be unable or unavailable to do so.
A Living Trust can be used to hold legal title to and provide a mechanism to manage your property. You can select the person or persons you want—often even yourself—as the Trustee(s) to carry out the instructions you want in the Trust and name one or more Successor Trustees to take over if you cannot. Unlike a Will, a Trust usually becomes effective immediately, continues in force during your lifetime even in the event of your incapacity, and continues after your death. Most Trusts are revocable which allows the person who creates the Trust to make future changes, modifications and even to terminate it.
Has life thrown you a curve ball that you just weren’t expecting—a job loss? medical condition? threat of foreclosure? Are you buried under the weight of credit card debt and can’t escape the daily phone calls from harassing bill collectors? Have your wages been garnished?
If any of these apply to you, you need relief and you need it now. No matter what financial challenges you are facing, there is a way to untangle yourself from the stranglehold of debt. I offer chapter 7 and chapter 13 bankruptcy services and representation for individuals who are unable to manage the burden of their debt, including mortgages, credit cards, personal loan, medical bills, and taxes.
Rebuilding Your Credit
Any bankruptcy will stay on your credit for ten years, but it will typically only adversely affect you for as little as two of those years, allowing you to get back on track and onto a better life.
The Attorneys and staff within this firm offering Bankruptcy services constitute a debt relief agency under the Bankruptcy code. The attorneys help people file for bankruptcy relief under the Bankruptcy Code.
I also focus on business governance and transactions. I most enjoy working with small start-ups entrepreneurs, helping to get their business off on the right foot and then maintain a sound legal footing as they grow.
Investing in real estate costs time and money. I offer a general practice in a variety of residential real estate transactions such as negotiating and drafting sale and purchase agreements, leases, deeds, land contracts and other conveyance instruments.
Collection is a process that creditors can use to obtain money from uncooperative debtors. I can streamline your strategy for recouping the money you are owed by sending out demand letters to debtors, set up payment plans for debtors, pursue wage garnishment. I handle cases involving delinquent accounts of all types, breach of contract, accounts receivable collections for all industries.